State of Tennessee Treasury Department Acquires 21,727 Shares of Tupperware Brands Co. (NYSE:TUP)

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State of Tennessee Treasury Department boosted its holdings in shares of Tupperware Brands Co. (NYSE:TUP) by 118.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,999 shares of the company’s stock after purchasing an additional 21,727 shares during the period. State of Tennessee Treasury Department owned about 0.08% of Tupperware Brands worth $635,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. US Bancorp DE increased its holdings in shares of Tupperware Brands by 9.4% during the second quarter. US Bancorp DE now owns 8,489 shares of the company’s stock worth $162,000 after buying an additional 731 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Tupperware Brands by 1,143.1% during the second quarter. Signaturefd LLC now owns 1,442 shares of the company’s stock worth $27,000 after buying an additional 1,326 shares in the last quarter. Moody National Bank Trust Division increased its holdings in shares of Tupperware Brands by 4.7% during the third quarter. Moody National Bank Trust Division now owns 30,883 shares of the company’s stock worth $490,000 after buying an additional 1,383 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Tupperware Brands by 962.8% during the third quarter. Quadrant Capital Group LLC now owns 2,115 shares of the company’s stock worth $31,000 after buying an additional 1,916 shares in the last quarter. Finally, NJ State Employees Deferred Compensation Plan increased its holdings in shares of Tupperware Brands by 14.3% during the second quarter. NJ State Employees Deferred Compensation Plan now owns 16,000 shares of the company’s stock worth $304,000 after buying an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 84.18% of the company’s stock.

Several research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Tupperware Brands from a “hold” rating to a “sell” rating in a report on Sunday, November 3rd. ValuEngine upgraded shares of Tupperware Brands from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Three investment analysts have rated the stock with a sell rating and one has assigned a hold rating to the company’s stock. The stock currently has a consensus rating of “Sell” and a consensus price target of $26.67.

NYSE TUP opened at $8.55 on Friday. The company has a market capitalization of $451.34 million, a price-to-earnings ratio of 1.99, a PEG ratio of 0.27 and a beta of 0.93. Tupperware Brands Co. has a twelve month low of $8.32 and a twelve month high of $38.73. The stock has a fifty day simple moving average of $13.90 and a 200 day simple moving average of $16.84.

Tupperware Brands (NYSE:TUP) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.20). The company had revenue of $418.10 million during the quarter, compared to analyst estimates of $437.29 million. Tupperware Brands had a net margin of 5.37% and a negative return on equity of 92.53%. The business’s revenue for the quarter was down 13.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.91 earnings per share. Sell-side analysts anticipate that Tupperware Brands Co. will post 2.8 earnings per share for the current year.

Tupperware Brands Profile

Tupperware Brands Corporation operates as a direct-to-consumer marketer of various products across a range of brands and categories in Europe, Africa, the Middle East, the Asia Pacific, North America, and South America. The company engages in the manufacture and sale of design-centric preparation, storage, and serving solutions for the kitchen and home, as well as a line of cookware, knives, microwave products, microfiber textiles, water-filtration related items, and an array of products for on-the-go consumers under the Tupperware brand name.

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Institutional Ownership by Quarter for Tupperware Brands (NYSE:TUP)

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